New Haven, IN vs Tipton, IN

New Haven, IN and Tipton, IN have a very similar cost of living, with only a 1.9% difference in their overall index. New Haven scores 73 while Tipton scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Haven is $947/month compared to $853/month in Tipton — a 11% difference. Home values follow the same pattern: Tipton is more affordable at $148,800 median vs $151,200.

Median household income in New Haven is $67,121 compared to $64,709 in Tipton (+3.7%). While New Haven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Haven spend roughly 16.9% of their income on rent, more than the 15.8% in Tipton.